As a business owner, staying ahead of the curve means not only keeping up with industry trends but also leveraging every financial advantage available. One such opportunity is the Section 179 tax deduction—a powerful tool that can significantly reduce your taxable income while allowing you to invest in the equipment your business needs to grow!
What Is Section 179?
Section 179 of the IRS tax code is designed to incentivize businesses to invest in themselves by purchasing or leasing qualifying equipment and software. Instead of depreciating the cost of equipment over several years, Section 179 allows you to deduct the full purchase price in the year the equipment is placed into service. This means immediate tax relief and improved cash flow—funds that can be reinvested into your business TODAY!
The Benefits of Section 179
- Immediate Tax Savings
By deducting the full cost of qualifying equipment upfront, you lower your taxable income for the current year. This can result in substantial tax savings, effectively reducing the net cost of your investment. - Immediate Business Growth
Section 179 makes it financially feasible to acquire new equipment and software for your business goals. Upgrading your equipment can lead to increased productivity, better quality products, increased services, and a competitive edge in the marketplace. - Improved Cash Flow
The tax savings realized through Section 179 can improve your business's cash flow. This additional capital can be used for other operational needs, investments, or to cushion against unforeseen expenses. You get growth and business security in one move! - Flexibility
The deduction applies to both new and used equipment, provided it is new to you. This flexibility allows businesses of all sizes to take advantage of the tax break, regardless of whether they're purchasing brand-new machinery or reliable used equipment. Our Outlet has deeper savings to maximize your tax-benefit!
Qualifying Equipment
Everything CNC machine we sell is eligible and there is no better time to buy and invest in your business
- Machines
- Software packages.
Whether you are a woodworker, metal fabricator, or a high production cabinet shop, investing in high-quality CNC machines and equipment is a strategic move to grow your business. Not only do you enhance your CNC production capabilities, but you also capitalize on the tax benefits provided by Section 179; all while committing to your business growth!
How to Take Advantage of Section 179
- Consult a Tax Professional or our Financing team
Tax laws can be complex and subject to change. A certified tax professional can provide personalized advice based on your business's unique situation and ensure you're in compliance with all IRS regulations. We offer fast and reliable approval and consulting with our financing partners to get your business needs met! - Plan Your Purchases
To maximize the deduction, time your equipment purchases strategically within the tax year. Remember, the equipment must be financed/purchased and put into service by December 31 to qualify for that tax year.
- Use our Tax Calculator to see your payment options!
Wrapping up
Section 179 offers a valuable and incredible opportunity for you to reduce their tax liability while investing in the equipment you need NOW. By leveraging this tax provision, you not only save money but also position your business for growth and success in the coming year.
Ready to take the next step? Explore your financing options at Laguna Tools and talk to our experts today to make 2025 your best year yet!
